Brief: Friedrich Vorwerk Group Q1 EBIT At EUR 5.4 Mln

Friedrich Vorwerk Se

13/05/2022 06:58

May 13 (Reuters) - FRIEDRICH VORWERK GROUP SE  VH2.DE :
    * FRIEDRICH VORWERK INCREASES REVENUE BY 11% IN THE FIRST
QUARTER
WITH AN ADJUSTED EBIT MARGIN OF 9.2% AND ACHIEVES RECORD ORDER
INTAKE OF €124 MILLION
    * Q1 REVENUE IN Q1 OF 2022 BY 11% YEAR-ON-YEAR FROM EUR 52.5
MILLION TO EUR 58.4 MILLION
    * FOR FURTHER COURSE OF YEAR, COMPANY EXPECTS A RETURN TO
FORECASTED EBIT MARGIN OF 15%
    * Q1 AT EUR 5.4 MILLION, ADJUSTED EBIT WAS BELOW PRIOR-YEAR
FIGURE
OF EUR 8.5 MILLION
    * Q1 AT EUR 377.9 MILLION, ORDER BACKLOG AS OF MARCH 31
    * ORDER INTAKE INCREASED SIGNIFICANTLY BY 90% TO EUR 123.5
MILLION
IN Q1

Source text for Eikon:  ID:nEQ4bzYzya 
Further company coverage:  VH2.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))